Pair Strength (JPY) is a currency strength indicator designed to analyze and compare the relative strength of six major currencies—EUR, GBP, JPY, USD, AUD, and CAD—in real time. It uses the True Strength Index (TSI) to measure momentum and strength, helping traders identify the strongest and weakest currencies in the market. The indicator displays each currency’s strength as a colored line, with positive values indicating strength and negative values indicating weakness. Key levels at +50, 0, and -50 mark overbought, neutral, and oversold zones respectively.

This tool works exclusively with currency pairs that include the Japanese Yen (JPY), specifically EURJPY, GBPJPY, USDJPY, AUDJPY, and CADJPY. It does not support metals, stock indices, cryptocurrencies, or pairs without JPY. Users apply the indicator on any of the five JPY pairs to monitor multi-currency strength simultaneously in one window.

Adjustable parameters include the fast and slow periods of the TSI for sensitivity and smoothing. The indicator aids in trend identification, overbought/oversold signal detection, and trade confirmation by comparing relative currency strength. It is recommended for use alongside other analysis methods and on timeframes of 15 minutes or higher.